Personal finance - JSS3 Business studies Past Questions and Answers - page 1
What does personal finance involve?
Managing money for individuals
Managing money for businesses
Managing money for governments
Managing money for charities
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Where does the primary source of finance for individuals come from?
Investments
Savings
Income
Loans
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What is the main purpose of savings in personal finance?
To spend on luxury items
To accumulate funds for future use
To pay off debt
To invest in stocks
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Which of the following is NOT a type of investment in personal finance?
Stocks
Bonds
Credit cards
Real estate
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Where can individuals borrow money from?
Family members
Banks
Only from government programs
Only from friends
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What is an example of government assistance in personal finance?
Retirement accounts
Inheritance
Social Security
Crowdfunding
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How can individuals supplement their income?
Through part-time jobs
Through savings accounts
Through government programs only
Through charitable donations
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What is a popular method for raising funds through small contributions from a large number of people?
Loans
Crowdfunding
Investments
Savings
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What should individuals do to avoid excessive debt when borrowing money?
Borrow as much as possible
Borrow from family members only
Borrow responsibly
Avoid borrowing altogether
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What is the primary focus of personal finance?
Managing money for businesses
Managing money for governments
Managing money for individuals
Managing money for charities
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